New Tool in the Toolbox: Tax Disincentive for Vacant/Abandoned Property
HB 2 was passed this session, to authorize counties to create a special property class, and tax rate, for property found to have been abandoned or otherwise left vacant. MACo had supported such a tool, looking toward multiple angles to help address the affordable housing challenge facing Maryland and most of the United States. HB 2 was introduced as a local Baltimore City only bill, but following the House Ways and Means Committee hearings on…